Business News

British Treasury chief Alistair Darling, Left, walks with an unidentified official at the venue of the G20 Finance Ministers meeting in St. Andrews, Scotland Saturday Nov. 7, 2009. Rifts among the world's top financial ministers and central bankers from the Group of 20 rich and developing nations, are reported to be threatening attempts to secure future global growth and break a deadlock over the cost of fighting climate change. (AP Photo/Martin Cleaver)
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AP

Britain urges steps to insure financial system

AP - 55 minutes ago

ST. ANDREWS, Scotland - Britain called Saturday for consideration of a tax on financial transactions to insure against another crisis and urged world finance officials meeting in Scotland to agree on bearing the cost of fighting climate change.

Economy News

  • Job seekers attend a seminar on finding jobs in San Francisco, California. The jump in US unemployment above 10 percent for the first time since 1983 will pressure President Barack Obama to find additional stimulus to keep a fragile economic recovery on track, analysts say.(AFP/Getty Images/Justin Sullivan)
    Ten percent jobless rate adds to pressure on Obama AFP - 2 hours, 49 minutes ago

    WASHINGTON (AFP) - The jump in US unemployment above 10 percent for the first time since 1983 will pressure President Barack Obama to find additional stimulus to keep a fragile economic recovery on track, analysts say.

  • Banks in Ga., Mich., Minn., Mo., Calif. closed AP - Fri Nov 6, 10:11 PM ET

    CHARLOTTE, N.C - Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans.

  • This image made from video provided by News 13, in Orlando, Fla., shows Jason Rodriguez being taken into custody by police officers in Orlando, Fla. Rodriguez, 40, opened fire Friday in the offices of an engineering firm where he was let go more than two years ago, authorities said, killing at least one person and injuring five others. (AP Photo/News 13, cfnews13.com) MANDATORY CREDIT; NO SALES
    Police: Fla. shooting suspect was angry at company AP - 28 minutes ago

    ORLANDO, Fla. - Employees at an engineering firm recognized their former co-worker when he drew a handgun from under his shirt, police said, and shot his first victim dead in the reception area. He then walked into the office and unloaded several more rounds, wounding five other employees at the company that fired him two years ago.

Stock Markets News

  • FILE - In this May 2, 2009 file photo, Berkshire Hathaway CEO Warren Buffett speaks to a reporter prior to the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett's company said Friday Nov. 6, 2009 that its third-quarter profit tripled as the improving economy and stock market boosted the value of Berkshire Hathaway Inc.'s derivative contracts. (AP Photo/Nati Harnik, file)
    Berkshire Hathaway says 3Q profit triples to $3.2B AP - Fri Nov 6, 8:31 PM ET

    OMAHA, Neb. - Paper gains on derivative contracts helped Berkshire Hathaway Inc. triple its third-quarter profit as its insurance businesses did well, but Warren Buffett's company said Friday that many of its other operating businesses struggled.

  • Preet Bharara, US Attorney for the Southern District of New York, speaks at a press conference. Law enforcement officials in New York announced charges against 14 people in a widening probe into the largest ever alleged hedge-fund insider trading scheme on Wall Street.(AFP/Getty Images/Mario Tama)
    Stocks eye retailers as jobless ranks swell Reuters - Fri Nov 6, 6:59 PM ET

    NEW YORK (Reuters) - As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer.

  • A New Uptrend Could Help Fix Flaws In Chart Investor's Business Daily - Fri Nov 6, 6:55 PM ET

    For the past five sessions, gold-mining stocks have enjoyed a rush.

Earnings News

  • Berkshire Hathaway says 3Q profit triples to $3.2B AP - Fri Nov 6, 8:31 PM ET

    OMAHA, Neb. - Paper gains on derivative contracts helped Berkshire Hathaway Inc. triple its third-quarter profit as its insurance businesses did well, but Warren Buffett's company said Friday that many of its other operating businesses struggled.

  • Earnings Preview: Ticketmaster 3Q results seen up AP - Fri Nov 6, 8:08 PM ET

    LOS ANGELES - Ticketmaster Entertainment Inc., the nation's largest ticket seller and proposed merger partner of Live Nation Inc., is scheduled to report its third-quarter earnings on Monday. The following is a summary of key developments and analyst opinion related to the period.

  • Earnings Preview: Live Nation 3Q seen lower AP - Fri Nov 6, 8:06 PM ET

    LOS ANGELES - Live Nation Inc., the world's biggest concert promoter and proposed merger partner of Ticketmaster Entertainment Inc., is scheduled to report its third-quarter earnings on Monday. The following is a summary of key developments and analyst opinion related to the period.

Industries

  • President and Managing Director of General Motors (GM) India Karl Slym is pictured during a press conference in Ahmedabad, in October. General Motors is in advanced talks with its Chinese partners on a proposal to bring their vehicles to India, according to the Press Trust of India.(AFP/File/Sam Panthaky)
    GM in talks to bring Chinese cars to India: report AFP - Sat Nov 7, 4:43 AM ET

    NEW DELHI (AFP) - US auto giant General Motors is in advanced talks with its Chinese partners on a proposal to bring their vehicles to India, according to the Press Trust of India.

  • A protestor holds on a placard 'to hell with General Motors, solidarity with Opel workers' during a workers meeting at the Opel plant in Bochum November 5, 2009. REUTERS/Ina Fassbender
    Opel chief leaves following failed deal Reuters - Fri Nov 6, 3:28 PM ET

    FRANKFURT (Reuters) - General Motors Co said on Friday the head of its European operations, Carl-Peter Forster, is leaving, three days after the automaker's decision to scrap a planned sale of its Opel unit.

  • Halozyme takes bigger loss on testing expenses AP - Fri Nov 6, 11:21 AM ET

    SAN DIEGO - Biotechnology company Halozyme Therapeutics Inc. reported a bigger third-quarter loss on Friday, as it started clinical trials of a fast-acting insulin during the period.

Opinion

  • Teaching the Facebook Generation BusinessWeek - Fri Nov 6, 8:08 AM ET

    Our goal as college professors is to open students minds to new experiences so they can grow intellectually while they mature through the traditional four-year process. But we are also challenged to give students the immediate skills they will need once they graduate so that they can begin their professional careers and move away from the fry-o-later to the cubicle and beyond.

  • Elder Care by Remote BusinessWeek - Fri Nov 6, 8:08 AM ET

    For three months early this year, 63-year-old Ronald Lang was one of the most plugged-in patients in America. Lang, who suffers from congestive heart failure and multiple sclerosis, was pilot-testing the Intel (NasdaqGS:INTC - News) Health Guide, a device that lets doctors monitor his health remotely. Each day after he woke up, he'd step on a scale and strap on a blood pressure cuff that was attached to the Health Guide. The device collected his vital signs and zapped them to his doctor's office. ...

  • The Accidental Hero BusinessWeek - Fri Nov 6, 8:08 AM ET

    Stuart Frankel isn't what you'd call a power player in the world of franchising. Five years ago he owned two small Subway sandwich shops at either end of Miami's Jackson Memorial Hospital. After noticing that sales sagged on weekends, he came up with an idea: He would offer every footlong sandwich (the chain also sells 6-inch versions) on Saturday and Sunday for $5, about a buck less than the usual price. "I like round numbers," says Frankel, a brusque New Yorker who moved to Miami in 1972 and owned a drugstore before opening his first Subway outlet in 1988.

Most Popular Business News

  • Real estate signs are seen in the front yards of houses in this file photo taken in Maricopa, Arizona in this May 27, 2009 file photo. The Obama administration on Monday launched a new program to aid state and local housing finance agencies in an effort to provide hundreds of thousands of affordable mortgages and develop or rehabilitate tens of thousands of rental properties. REUTERS/Joshua Lott/Files
    Obama set to sign a big tax break for homebuyers AP - Thu Nov 5, 8:43 PM ET

    WASHINGTON - Missed out on Cash for Clunkers? Congress has another deal for you: Buy a home before May 1 and collect up to $6,500 from the government. If you're a first-time homebuyer, get up to $8,000.

  • White House Press Secretary Robert Gibbs speaks during the daily briefing at the White House in Washington, Friday, Nov. 6, 2009. (AP Photo/Susan Walsh)
    Obama signs bill assisting homebuyers, jobless AP - Fri Nov 6, 6:56 PM ET

    WASHINGTON - President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump.

  • Jose Betancourt, 57, talks to a reporter outside the South Florida Workforce office in Miami, Friday, Nov. 6, 2009. Betancourt spends two hours on buses to get to a South Florida Workforce career center in the Miami area, a couple of times a week, to get job training. He's been out of work since July after being let go from his job as a supermarket maintenance worker and lives on about $600 a month in unemployment benefits. That barely pays for the rent for his tiny efficiency, food and utilities. The unemployment rate has surpassed 10 percent for the first time since 1983 and is likely to go higher. (AP Photo/Alan Diaz)
    What recovery? Unemployment shoots past 10 percent AP - Fri Nov 6, 6:39 PM ET

    WASHINGTON - Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought.